Like most other industries, the banking industry has seen its fair share of fluctuations in recent years. Between the recession, the subsequent economic recovery and the introduction of new financial technologies, the way people manage their money has shifted dramatically – and that's not about to stop anytime soon.

Big disruptions – many of them driven by technology – are poised to rock the banking industry in the very near future. Below, seven Forbes FinanceCouncil members share predictions for changes happening in the next five years.

When I lived in Norway, I was surprised to learn that nobody uses checks. Most of my friends had never even seen a check in their lifetimes. Paying with checks carries so much inherent risk for fraud and identity theft, but, like chip cards, consumers in the U.S. have been slower to adapt to online payments. Key fobs that generate random passwords are common in Europe and make online payment very secure. - Crystal Stranger, 1st Tax

2. Fintech Companies Will Continue To Change How People Pay

Fintech companies will find themselves in the enviable position to disrupt the relationship of the bank and its customers. Companies like Venmo and Paypal are already changing the way individuals pay for things. Younger people no longer take a trip to the bank and stand in line. - John Perry, Bluefin Payment Systems

3. Blockchain Technology May Mean Decentralization

It’s debatable whether blockchain technology will proliferate in the next five years, but if it does, you can expect to see major disruption and changes in the banking industry. It would mean fewer intermediaries, faster transactions, and a diminished need for centralized banking systems. Cryptocurrencies like Bitcoin and the blockchain could make for an interesting future. - Ismael Wrixen, FE International

4. New And Updated Regulations Will Be Passed

Banking regulation (e.g., repealing the Dodd-Frank Act and introducing a "21st-century" version of the Glass-Steagall Act) is a major theme for Donald Trump's administration. Expect the industry to once again be turned on its head by Capitol Hill. - Ivan Illan, Aligne Wealth Preservation & Insurance Services LLC

5. Banks Will Partner With Fintech Companies

The emergence of new cloud and mobile technologies is giving banks an opportunity to redefine the banking experience and firmly establish themselves at the center of their customers’ financial universe. To get there, banks will increasingly look to the growing fintech ecosystem to accelerate innovation and deliver the business banking experiences their customers want – and deserve. - René Lacerte, Bill.com

Bitcoin is poised to explode in use in the next five years. It already has a use case in the gray markets, so it's never going to go away as a currency. It's also useful for cross-border exchanges. As we move toward a more cashless society, Bitcoin's demand will continue to rise for gray markets, pushing up its valuation. Soon, someone will bring Bitcoin to the masses, and it will explode in use. - Charlie Youakim, Sezzle

7. Fintech Will Pressure Banks To Become More Consumer-Friendly

Traditional financial institutions are not equipped to adapt to the rapidly changing expectations of the modern consumer. Expect to see banks collaborate with, partner or acquire fintech companies that can help them meet the needs of today’s consumer. This means we can expect banking to become more consumer-friendly as startups put pressure on the institutions to transform in order to compete. - Nick Stamos, Sindeo